Archive for the ‘Blog’ Category.
Friday I teed up ten intercity day orders for the May ’13 contracts. While I’m open to continuing that discussion, today I want to focus on the other end of the expirations -the Nov ’17 contracts.
Unlike the May ’13 … Read More
To illustrate the potential of inter-city spread trades, I’ve posted 1.0 point bid/ask quotes for all ten CUS vs. Regional markets for the May 2013 (K13) contract that expires on May 27th. 
Inter-city spreads allow a trader to express a … Read More
With the May ’13 expiration in just three weeks, and a handful of recent K13 trades (LAV, MIA, NYM), I thought that it might make sense to focus on front-contract markets.
The following table shows the recent history of each … Read More
Prices for Case Shiller futures largely tracked changes in the index numbers released Tuesday (April 30th) morning. The California markets were generally stronger, while DEN and CHI lagged on weaker index numbers. Mid-market levels for the California (and LAV, MIA) … Read More
With about one week to go until the April 30th release of the February Case Shiller indices, I thought that it might make sense to update price tables and graphs. While volume has been near zero there’s been a relentless … Read More
The Case Shiller indices for Jan 2013 were released on Tuesday March 26th. Much of the reaction in the CME prices was concentrated in the front (May 2013) contracts. 
(A table of before- and after- prices for the CUS contracts … Read More
I have been accused of trashing the recent and forward-looking performance of the Northeast markets (relative to California) over the last few months. While I’ve highlighted that implied one-year forwards, and longer-term HPAs for LAX, SDG and SFR are higher … Read More
While sometimes it seems that traders wait for the front contract to have weeks to expiration before showing tighter quotes, trading this cycle looks to be different -and better. Thanks to broader participation, widths of bid/ask spreads for the front … Read More
